Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 26, 2026

Summary of Basic and Diluted Net Income Per Share

The computation of basic and diluted net income (loss) per share is as follows:


	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	June 26, 2026		June 27, 2025		June 26, 2026		June 27, 2025
Numerator:
Net income (loss) attributable to UCT	$	8.7	$	(162.0)	$	(9.2)	$	(167.0)
Denominator:
Shares used in computation — basic:
Basic weighted average common shares outstanding	45.1		45.2		45.2		45.2
Shares used in computation — diluted:
Weighted average common shares outstanding	45.1		45.2		45.2		45.2
Effect of potential dilutive securities:
Convertible notes	0.1		—		—		—
Employee stock plans	0.9		—		—		—
Diluted weighted average common shares outstanding	46.1		45.2		45.2		45.2
Net income (loss) per share attributable to UCT:
Basic	$	0.19	$	(3.58)	$	(0.20)	$	(3.70)
Diluted	$	0.19	$	(3.58)	$	(0.20)	$	(3.70)

Summary of Outstanding Potentially Dilutive Shares were Excluded From the Calculation of Diluted Net Income (Loss) Per Share of Common Stock

The following outstanding potentially dilutive shares were excluded from the calculation of diluted net income (loss) per share of common stock because their impact would have been antidilutive for the period presented:


	Three Months Ended		Six Months Ended
(In millions)	June 26, 2026	June 27, 2025	June 26, 2026	June 27, 2025
Employee equity plan	0.0	1.4	1.4	1.2
Employee stock purchase plan	—	0.0	0.0	0.1
Convertible notes	—	—	7.1	—
Common shares excluded from calculation of diluted net income (loss) per share	0.0	1.4	8.5	1.3